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kansas city southern should benefit from the auto rebuild that's needed in the wake of hurricane sandy. can't get this stuff to america fast enough. united states fast enough. thanks to the strength of the economy, the increasing volumes with declining costs. the gross margins are expanding. how much do we love that in a rail? however, the auto industry only affects about 18% of kansas city southern's revenues. they do have some coal exposure, something that's crushed a great many american railroads, we know that because we have backed away from a lot of rails because of the coal. but they have something the other railroads don't have, consistently high growth, not that low single digit stuff and not susceptible to the cyclical nature of coal or the ongoing war between natural gas and coal in the fight to be fuel for american utilities. and that's why i'm naming it my new favorite railroad. even over and above union pacific, which has always been my favorite. don't get mad at me, union pacific. i used a great union pacific calendar, but it's december. that one's off the wall. anyway --
kansas city southern should benefit from the auto rebuild that's needed in the wake of hurricane sandy. can't get this stuff to america fast enough. united states fast enough. thanks to the strength of the economy, the increasing volumes with declining costs. the gross margins are expanding. how much do we love that in a rail? however, the auto industry only affects about 18% of kansas city southern's revenues. they do have some coal exposure, something that's crushed a great many american...
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Dec 6, 2012
12/12
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two of them released their estimates of how much hurricane sandy will cost them. travelers figures the storm will cost it $650 million. hartford pegged its storm losses as high as $350 million. analysts say the companies can absorb the impact. both stocks were higher. travelers rallied 4.9%, closing less than one dollar away from a new 52-week high. hartford added 2.9%. drug giant pfizer had encouraging news on an experimental breast cancer drug. with up to $6 billion in potential global sales, the stock rallied. shares jumped 1.9% on heavier than usual volume. while the breast cancer drug tests were positive, any regulatory approval wouldn't happen for at least a couple of years. three of the five most actively traded exchange traded products were up. the financial e.t.f. had the best gains, up 1.2%. and that's tonight's "market focus." >> susie: a tough day for investors in freeport mcmoran. the stock plunged 16% on news that the mining company is buying two oil and gas producers. it's paying $9 billion for plains exploration and production company and mcmoran e
two of them released their estimates of how much hurricane sandy will cost them. travelers figures the storm will cost it $650 million. hartford pegged its storm losses as high as $350 million. analysts say the companies can absorb the impact. both stocks were higher. travelers rallied 4.9%, closing less than one dollar away from a new 52-week high. hartford added 2.9%. drug giant pfizer had encouraging news on an experimental breast cancer drug. with up to $6 billion in potential global sales,...
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Dec 6, 2012
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i think that the hurricane sandy may distort the numbers. we've seen it in some of the other high frequency data in the last couple of weeks. keep in mind tomorrow's labor market report will report on a snapshot of the labor market taken in the middle of last month. and that's when the hurricane and its aftermath were having their effects. >> so the consensus numbers from a survey of economists, they're expecting american businesses added 110,000 jobs it to their payroll. the unemployment rate staying around 7.9%. does that sit right with you. is that what you are seeing? >> probably somewhere around that maybe a little less. one of the problems is it is hard to gauge exactly what the impact of the storm will have. we know it's transitory, it's hard to say exactly how much numerically it will sub tract. if the number comes in lower than that i think a lot of people will say oh, it was probably the effect of the hurricane and they'll wait until the following month to see what kind of a rebound we get. >> let's talk a little bit about what we
i think that the hurricane sandy may distort the numbers. we've seen it in some of the other high frequency data in the last couple of weeks. keep in mind tomorrow's labor market report will report on a snapshot of the labor market taken in the middle of last month. and that's when the hurricane and its aftermath were having their effects. >> so the consensus numbers from a survey of economists, they're expecting american businesses added 110,000 jobs it to their payroll. the unemployment...
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Dec 6, 2012
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early thanksgiving, hurricane sandy. is this rally at the end of the day having anything to do with any anticipation of the jobs report? what are you looking for? >> no, i don't think so. we're looking for almost exactly half. we had 171,000. the consensus is 85 to 90,000. we're looking at half. i understand that, you know, superstorm san difs a horrible event, and i am sure it's going to take some jobs out, but it's going to also be a bit of an excusetrending well. i'll give you an example. wells fargo gallup does a small survey. on hiring, small businesses dropped to the lowest level of opt miimism in four years. it doesn't matter what ben bernanke does. i think his programs have long since not really helped the employment side, but the fiscal cliff is doing obvious damage. that's going to make what everybody knows is coming. we ran out of two years to sell. they're going to go from a twist to outright purchases. it's fully built into the market, but it isn't going to help. the fiscal cliff is going to do more damage t
early thanksgiving, hurricane sandy. is this rally at the end of the day having anything to do with any anticipation of the jobs report? what are you looking for? >> no, i don't think so. we're looking for almost exactly half. we had 171,000. the consensus is 85 to 90,000. we're looking at half. i understand that, you know, superstorm san difs a horrible event, and i am sure it's going to take some jobs out, but it's going to also be a bit of an excusetrending well. i'll give you an...
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Dec 6, 2012
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to find out if increased home sales and efforts to rebuild after hurricane sandy could drive it higher. scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. ♪ mom? dad? guys? [ engine turns over ] [ engine revs ] ♪ he'll be fine. [ male announcer ] more people are leaving bmw, mercedes and lexus for audi than ever before. take advantage of exceptional values during the season of audi event. take advantage of exceptional values when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can in
to find out if increased home sales and efforts to rebuild after hurricane sandy could drive it higher. scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. ♪ mom? dad? guys?...
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he's lobbying for more federal dollars for superstorm sandy recovery. new jersey governor estimates the storm did some $37 billion damage to his state. cameras were rolling as we caught the governor arriving at the white house this morning. and then he headed to capitol hill to meet with members of congress. >> good morning. >> going home, guys. see you later. >> aid for state, considering the fiscal cliff and this budget crisis we're in right now? >> heading home now, guys. not taking questions today. >> heading home now, he says. story's very personal for one teenager. back home, who faces the impact of superstorm sandy everywhere he turns. he saved his family when that storm hit. he lost his home. and his school. but he hasn't lost his spirit. poppy harlow spent a day with ryan panetta in the broad channel neighborhood in new york. this is queens. take a look. >> reporter: the sun isn't up at breakfast time for the panettas. how tired are you? >> very. >> reporter: they're living in a borrowed one-bedroom apartment with their parents. how long is you
he's lobbying for more federal dollars for superstorm sandy recovery. new jersey governor estimates the storm did some $37 billion damage to his state. cameras were rolling as we caught the governor arriving at the white house this morning. and then he headed to capitol hill to meet with members of congress. >> good morning. >> going home, guys. see you later. >> aid for state, considering the fiscal cliff and this budget crisis we're in right now? >> heading home now,...
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gerri: sandy is an issue. >> sandy is a issue. it is temporary. people absorb the fear and move on. it is a great time to buy. time-shares are still lange wishing. i know, who wants a time-share? if you want a time-share you could get it for 30 cents on the dollar. gerri: wow! that is big discount looking for a discount out there. that is great advice. what other advice can you give to people trying to get rid of their house right now? they're trying to sell, trying to unload a house? maybe they lost a lot of value in that property? >> listen, it is no fun to lose value in a house and have to adjust to the idea you're going to get less money but what is great about the market less now you have another 30% increase in buyers out there. you have one-third fewer homes for sale. you have less competition and more people who want them. you have also out there is buyers are believing that the best part of the market might be gone. and that really pushes them into the market and gives you a higher bid. i think homeowners right now the best is yet to come. for buyers, the best already has h
gerri: sandy is an issue. >> sandy is a issue. it is temporary. people absorb the fear and move on. it is a great time to buy. time-shares are still lange wishing. i know, who wants a time-share? if you want a time-share you could get it for 30 cents on the dollar. gerri: wow! that is big discount looking for a discount out there. that is great advice. what other advice can you give to people trying to get rid of their house right now? they're trying to sell, trying to unload a house?...
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hurricane sandy's impact continues to slowly but surely subside. we had weekly jobless claims dropping by 25,000 last week to a seasonally-adjusted 370,000. the week's prior total was revised upward to 395,000 from 393,000. and treasury prices rising today, pushing yields back down to their lowest level in more than two weeks. look at this pathetic yield on the ten-year note. it fell two basis points to 1.57%. you're not getting a lot of return there. david: which is why some people are putting their money in stocks. we have all this covered. we have til mulholland in the pits of the cme. we have a street fight. jeff believes there will be a fiscal cliff resolution. david wright, on the other hand, thinks d.c. will avoid the cliff, but it will not stop the bears from coming around this time. let's start with tim at the cme. and, tim, we were talking about what a low yield you get now on treasuries. people are looking for some kind of yield, and the only place you're finding it is in the stock market. >> yeah, that's true. you also get the corporate
hurricane sandy's impact continues to slowly but surely subside. we had weekly jobless claims dropping by 25,000 last week to a seasonally-adjusted 370,000. the week's prior total was revised upward to 395,000 from 393,000. and treasury prices rising today, pushing yields back down to their lowest level in more than two weeks. look at this pathetic yield on the ten-year note. it fell two basis points to 1.57%. you're not getting a lot of return there. david: which is why some people are putting...
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Dec 6, 2012
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previouses to hurricane sandy, the only people using those were pimps. now a local pay phone company said since the power went out, they've seen a 2,500% increase in pay phone use. that is -- do you have any idea how hard it is to play draw something on a pay phone? there's also a severe gasoline shortage in new york and new jersey. 75% of the gas stations in the state of new jersey are closed right now. people are waiting in line for hours and the worst part of that is, the people driving priuses who laugh and give you the finger as they go by. but this -- and i don't want to preach here, but -- this is why it's so important to bury a dinosaur in your yard. you have to plan ahead. cbs-2 news stopped by an overcrowded gas station in the city today where tensions are running even higher than they usually do in new york. >> i'm coming. >> honking and hurling obscenities, drivers nearly coming to blows. >> look at that. he's jumping. >> it was outrage. at a than mat tan gas station. >> he's jumping. this is a line! i follow the line, he come, he's jumping.
previouses to hurricane sandy, the only people using those were pimps. now a local pay phone company said since the power went out, they've seen a 2,500% increase in pay phone use. that is -- do you have any idea how hard it is to play draw something on a pay phone? there's also a severe gasoline shortage in new york and new jersey. 75% of the gas stations in the state of new jersey are closed right now. people are waiting in line for hours and the worst part of that is, the people driving...
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Dec 6, 2012
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it actually blamed the fiscal cliff in part, as well as super storm sandy. the ceo said consumers were distracted by the cliff. the storm and the election. staying with clothing, vera bradley -- well, handbags. those shares also tanking and they are blaming sandy as well but also noted their holiday season is off to a slow start. jeffri jeffries raising the tart fro tm $22 to $20. not all bad news. finisar, higher demand for tranceivers. what else? the stock down 17% year to date. finally, zynga. take a look at shares. they are up nearly 7% because they filed for a gambling license. that is right. the virtual game company wants to become a real poker company. let's bring in julia boorstin with more on this zynga story. seems like if they get it, a completely transformative thing. >> it would be transformative and zynga's definitely pushing forward with its plans to eventually make money from online gambling but the key thing here is that this is really a ways off. the stock soared as much as 9% higher this morning after it came out that zynga applied for rea
it actually blamed the fiscal cliff in part, as well as super storm sandy. the ceo said consumers were distracted by the cliff. the storm and the election. staying with clothing, vera bradley -- well, handbags. those shares also tanking and they are blaming sandy as well but also noted their holiday season is off to a slow start. jeffri jeffries raising the tart fro tm $22 to $20. not all bad news. finisar, higher demand for tranceivers. what else? the stock down 17% year to date. finally,...
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Dec 6, 2012
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as soon as you get done figuring out, how much is sandy, how much is not sandy, we have to start dealing with the fiscal cliff so there's a shock behind us and a shock in front of us. so we're in limbo right now. and we're expecting a big effect from sandy in the friday number, especially in maybe the household survey, they moved the survey week back a week. because of an early thanksgiving. they do that -- so instead of it being the week of the 12th, it's the week of the 5th. >> so this number is going to tell us nothing tomorrow? > know there's going to be a lot of discussion about it. i'll stick to my guns, it's a 125 to 150 economy growth some of that could be sandy. i don't donknow if you want to k about that chart. this looks at the net effect acceptable. if 30% say it's acceptable and 20% say -- these are what we asked people. how many is that? that's five of eight different solutions. >> people say, yes, we're okay dealing with the fiscal cliff, if you raise taxes on those who make more than $250,000 and then you cap deductions, and virtually everything else is off the table. >>
as soon as you get done figuring out, how much is sandy, how much is not sandy, we have to start dealing with the fiscal cliff so there's a shock behind us and a shock in front of us. so we're in limbo right now. and we're expecting a big effect from sandy in the friday number, especially in maybe the household survey, they moved the survey week back a week. because of an early thanksgiving. they do that -- so instead of it being the week of the 12th, it's the week of the 5th. >> so this...
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later this hour. >>> it's going to take massive amount of money to help the northeast recover from sandy. some $36 billion in new jersey alone. and now it's governor chris christie pushing the federal government to pick up 100% of that cost. if you are one of the millions of men who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly prescription. [ male announcer ] dosing and application sites between these products differ. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or, signs in a woman which may include changes in body hair or a large increase in acne, possibly due to accidental exposure. men with breast cancer or who have or might have prostate cancer, and women who ar
later this hour. >>> it's going to take massive amount of money to help the northeast recover from sandy. some $36 billion in new jersey alone. and now it's governor chris christie pushing the federal government to pick up 100% of that cost. if you are one of the millions of men who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement...
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Dec 6, 2012
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and for the first time in several weeks, the effects of superstorm sandy largely ruled out. the four-week average at 408,000 is still elevated. most of the year we have seen claims around that 370,000 to 375,000 level which suggests modest growth. we get the november employment growth tomorrow. that's a key factor although again sandy will distort the numbers. >>> flat start on wall street. investors still looking for some progress. dow down 1, nasdaq down 1, s&p down 1, as well. apple shares down 1.25%. back to you. >> it's 1s across the board. thank you. >>> the new reality in washington state recreational use of marijuana is now legal. hundreds of people showed up at the space needle to celebrate at midnight. voters approved the law last month. adults can now possess up to an ounce of pot. but growing and selling it is still a crime. colorado by the way also legalized recreational use of marijuana but that amendment won't take effect until the governor proclaims that it passed. >>> just two years after arriving in the bay area, the "fresh & easy" market chain could be goi
and for the first time in several weeks, the effects of superstorm sandy largely ruled out. the four-week average at 408,000 is still elevated. most of the year we have seen claims around that 370,000 to 375,000 level which suggests modest growth. we get the november employment growth tomorrow. that's a key factor although again sandy will distort the numbers. >>> flat start on wall street. investors still looking for some progress. dow down 1, nasdaq down 1, s&p down 1, as well....
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. >> we might get a free pass, sandy pass no mat what they are. if they're disas truss it was sandy. if the economy is great --. ashley: so difficult to trade in this environment right now. >> it is so difficult to trade. people have to be very aware. that is the key word you use, trade. do you want to be a trader or do you want to be an investor? so many people tell me, charles, i don't want to be trader. they buy at 30, goes to 28.04, oh, my god i need to sell it, i'm losing my shirt!. what the heck. i thought you didn't want to be a trader? one of the reasons i'm getting a little bit bullish about the market in general. i'm a individual stock guy. i don't like to do the macro thing. i like the way the market acts. we've seen a shaking out of the weak sisters. we had the market pull back sharply. we saw the pullback in apple. weak holders of stocks, weak sisters have for the most part been shaken out. it would take disasterous news --. ashley: talking about disaster, what if we went over the cliff? >> if we did go over the cliff and saw the mark
. >> we might get a free pass, sandy pass no mat what they are. if they're disas truss it was sandy. if the economy is great --. ashley: so difficult to trade in this environment right now. >> it is so difficult to trade. people have to be very aware. that is the key word you use, trade. do you want to be a trader or do you want to be an investor? so many people tell me, charles, i don't want to be trader. they buy at 30, goes to 28.04, oh, my god i need to sell it, i'm losing my...
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Dec 6, 2012
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instead of saying bill and sandy is down a little today. you say we have a problem here. you think it is a identification of a mood disable that we didn't want to deal with. >> yes and no. we took things and medicalized them. we put a label on them . when you put other people's money behind and tax dollars behind them, guess what, you get an epidemic . this is one of those momes and say. do we want a safety net that is targeted at the generally misabled or creating another program for the takers in this society. it baloned to 130 billion a year and no indication it is going to slow down soon. quite frankly, the whole aproachh of the american with disabilities act. what this program is doing is saying, you don't have to work, we'll create a permanent alternative and unfortunately that means a lot of people are figuring out it is assesser to collect these checks than it is to get a job and integrate in society and learned what earned success is all about. >> steve: it could be a sign of a lowsy economy. so many people who need jobs and as you have detailed, it is relatively
instead of saying bill and sandy is down a little today. you say we have a problem here. you think it is a identification of a mood disable that we didn't want to deal with. >> yes and no. we took things and medicalized them. we put a label on them . when you put other people's money behind and tax dollars behind them, guess what, you get an epidemic . this is one of those momes and say. do we want a safety net that is targeted at the generally misabled or creating another program for the...
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Dec 6, 2012
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estimation now trading in the low 50s, moves to the upper 50s, it's digesting the negativity surrounding sandy and its geographic location well. they've got the cash in hand to fund this. this is a solid company. >> dennis gould is sitting at 1700, not talking about a special dividend here but is it going to pay dividends to own gold? >> i think owning gold in dollars has been a bad trade for a while. i'm bullish for gold in non-u.s. dollar terms, in yen terms and if you own gold in yen terms over the course of the last two months you are profitable. somebody owns gold in dollar terms is down several points. gold is nothing more than another currency, crossed against other currencies and there's nothing spectacular about gold, it's just a currency. >> call it a slick slide for oil, crude falling 2% nearing its lowest level in three weeks. for more let's go to jackie deangelis, the host of "futures now." >> crude having a tough day, the question is why. look at this chart dollar strength is causing major pain for oil, our question today is there more to selling than just the dollar rally? let's
estimation now trading in the low 50s, moves to the upper 50s, it's digesting the negativity surrounding sandy and its geographic location well. they've got the cash in hand to fund this. this is a solid company. >> dennis gould is sitting at 1700, not talking about a special dividend here but is it going to pay dividends to own gold? >> i think owning gold in dollars has been a bad trade for a while. i'm bullish for gold in non-u.s. dollar terms, in yen terms and if you own gold in...
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. >> you saw jobless claims are up but sandy will handicap it a bit. we will won't see a clean job number until next year. once again it will be at my number and will be waiting for the fed. >> oil coming downn it is simply a story of a lot of supply, less demand. >> that has been the story for the last year. we had plenty of demand, plenty of supply, demand is only deteriorated as we have gone through the year and entering the season without a lot of driving going on. when you take out the fear we have of things going on in syria or iran you see us treating at $78 as opposed to where we are now but -- [talking over each other] liz: when you push it out a couple months to the future of the market and look at the trend -- >> it looks to me like we should be trading $3 or $4 or $6 or $8 lower from here and look for the trend to continue as we go further through the winter unless something happens in the middle east. liz: thank you very much. grinding higher by 14 points. have a good day. thanks for joining us on the floor show. 25 days and counting for c
. >> you saw jobless claims are up but sandy will handicap it a bit. we will won't see a clean job number until next year. once again it will be at my number and will be waiting for the fed. >> oil coming downn it is simply a story of a lot of supply, less demand. >> that has been the story for the last year. we had plenty of demand, plenty of supply, demand is only deteriorated as we have gone through the year and entering the season without a lot of driving going on. when...
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Dec 6, 2012
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post-sandy now reservations have come back from these airlines. there was a lot of worry of cancellations. >> because a lot of families still have not recovered from that. there was a thought that would be a much longer lag. >> bookings have returned to normal. that's key. >> kenny pulkari is here. there's no recipe. >> we might have to do takeout in the herrera household tonight. it's coming, guys, but it probably won't be here until tomorrow. you just have to wait. the market's kind of waiting, too. it's all on washington. i was impressed with yesterday the market was able to hold on to an advance in the face of apple. i think that boded pretty well. >> well, i think that's true but i think apple is a situation and issue unto itself. right? certainly it affects -- you saw what it did to the nasdaq yesterday. but for the broader market i think it does say a lot for the strength of the broader market in terms what have it wants to see. it wants to see the resolution. whether apple goes up or down. if we get a resolution of the fiscal cliff or the
post-sandy now reservations have come back from these airlines. there was a lot of worry of cancellations. >> because a lot of families still have not recovered from that. there was a thought that would be a much longer lag. >> bookings have returned to normal. that's key. >> kenny pulkari is here. there's no recipe. >> we might have to do takeout in the herrera household tonight. it's coming, guys, but it probably won't be here until tomorrow. you just have to wait. the...
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Dec 6, 2012
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chris christie met with president obama this morning to request federal aid to victims of superstorm sandy. the president is expected to ask congress for about $50 billion in emergency assistance. christie has said new jersey alone will spend almost $37 billion on rebuilding. michelle obama is competing with bill clinton for a grammy for best spoken word album. the first lady red the audio version of "american grown," the story of the white house garden. the former president narrated his book "back to work." those are a couple of things we thought you should knowment time for the news narc gut check. treasury he secretary tim geithner told cnbc yesterday that the obama administration is absolutely ready to go over the cliff if republicans refuse to raise tax rates on the wealthiest americans. take a look. >> when it comes to raising taxes on the wealthy, if republicans do not agree to that is the administration prepared to go over the fiscal cliff? >> absolutely. there's no prospect to an agreement that doesn't involve the rates going up on the top 2% of the wealthy. >> orrin hatch called
chris christie met with president obama this morning to request federal aid to victims of superstorm sandy. the president is expected to ask congress for about $50 billion in emergency assistance. christie has said new jersey alone will spend almost $37 billion on rebuilding. michelle obama is competing with bill clinton for a grammy for best spoken word album. the first lady red the audio version of "american grown," the story of the white house garden. the former president narrated...
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the republican governor was here in washington to talk about hurricane sandy relief efforts, and now they're in danger of going over the fiscal cliff with the rest of the country at the end of the month. our national political correspondent jim acosta has been covering this story for us. what's the latest with chris christie in washington. >> reporter: this is some of the unintended consequences of the fiscal cliff. after a series of meetings with the president and house speaker john boehner, new jersey governor chris christie had little to say as he left washington, but as other senators we spoke to see it, the jersey shore may be running head on into the fiscal cliff. he visited the president at the white house, then he met with senators from his own state before slipping in to meet the speaker of the house. >> going home, guys. see you later. >> reporter: but then chris christie, a potential presidential candidate who is rarely at a loss for words, departed the nation's capital in near total silence. as it turns out, the new jersey governor's quest for money to rebuild the battere
the republican governor was here in washington to talk about hurricane sandy relief efforts, and now they're in danger of going over the fiscal cliff with the rest of the country at the end of the month. our national political correspondent jim acosta has been covering this story for us. what's the latest with chris christie in washington. >> reporter: this is some of the unintended consequences of the fiscal cliff. after a series of meetings with the president and house speaker john...
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Dec 6, 2012
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of people seeking unemployment aid fell sharply last week as a temporary spike caused by super storm sandy has faded. weekly applications have fallen back to a level consistent with a modest hiring. the labor department says applications drop 25,000 last week off to a seasonally adjusted 370,000. >> this will last until the work week and as for tomorrow will have morning fall. it will be dry and warmer into the we can take it a look at the fog he does see pretty widespread and that it will stay over much of the bay area until 10:00 a.m.. into the evening it will start to build along the east bay shore and your inland valley areas. it is a warm start for the morning as 53 degrees. upper 40's for daly city's and it is already on upper 40's for a sunnyvale. for those of you head in out the door you will still be sitting in the '50s and it will not be until the late morning that we will see the 60's. for those of you who are heading out this evening the temperatures will drop to the low 50s that is indicated by the blue on your screen. >> it will be low 60's for the east bay shore and inland v
of people seeking unemployment aid fell sharply last week as a temporary spike caused by super storm sandy has faded. weekly applications have fallen back to a level consistent with a modest hiring. the labor department says applications drop 25,000 last week off to a seasonally adjusted 370,000. >> this will last until the work week and as for tomorrow will have morning fall. it will be dry and warmer into the we can take it a look at the fog he does see pretty widespread and that it...
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Dec 6, 2012
12/12
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they say it's a sign nearly all of the effects of superstorm sandy on the labor force have evaporated. this report comes a day before the government releases its closely watched job survey. there are reports that hiring sank last month because of sandy. >>> a new study shows if taxes go up on upper-income americans, the passage of proposition of 3 -- of proposition 30, raised the tax rate for california's highest income earnser -- earners to 13.3%. if the bush cuts expire at the end of the year, that would brick the overall tax rate for higherners in rainfall -- high earners to 51%. >>> this afternoon, president obama will visit a family in northern virginia. he will be talking about the importance of congress extending tax cuts for middle- klaas americans. it's all -- middle-class americans. it's tall about taking action to avoid the fiscal cliff by the end of the month. >>> back here, san jose police investigating a dadly hit and run. last night a man believed to be in his 50s was killed while crossing the intersection at white and kimby roads. he's the -- qwimby roads. the investig
they say it's a sign nearly all of the effects of superstorm sandy on the labor force have evaporated. this report comes a day before the government releases its closely watched job survey. there are reports that hiring sank last month because of sandy. >>> a new study shows if taxes go up on upper-income americans, the passage of proposition of 3 -- of proposition 30, raised the tax rate for california's highest income earnser -- earners to 13.3%. if the bush cuts expire at the end of...
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Dec 6, 2012
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we got the big distortions from san sandy. slowly working through that. so i think if there's an outlier, investors will yawn and wait for the big nonfarm payroll report tomorrow. >> are we comfortable mf-i don't know how comfortable we are. consumers seem to be in better fettl eflt. >> in spite of this anemic job growth that we've had during the entire jobless recovery, it seems like consumers sense the -- their balance sheets have improved pretty dramatically. so, yeah, consumers -- and that's led to consumers spending slightly more than what experts thought they would spend. >> so you're overweight large cap versus small cap. why? >> the large cap u.s. multinationals, they typically have overseas subsidiaries that can reach into the emerging pockets of growth. i like the dividends payers, as well, because in these choppy markets which we'll continue to have get nice dividends. >> all right much ha. . have a good day. that's it for today's program. "squawk box" it is next. ♪ [ male announcer ] how could a luminous protein in jellyfish, impact life exp
we got the big distortions from san sandy. slowly working through that. so i think if there's an outlier, investors will yawn and wait for the big nonfarm payroll report tomorrow. >> are we comfortable mf-i don't know how comfortable we are. consumers seem to be in better fettl eflt. >> in spite of this anemic job growth that we've had during the entire jobless recovery, it seems like consumers sense the -- their balance sheets have improved pretty dramatically. so, yeah, consumers...
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Dec 6, 2012
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jobless claims coming in, down and this number should be essentially clean of sandy effects, so finally a clean read as to the claims aspect. but it doesn't look like, jim, that we are set for a lower open today. >> carl pointed out that maybe there's some room between sides. but, look, yesterday was one of those days, show a lot of americans don't even know about the fiscal cliff. paychecks are going to go down, a million layoffs in the defense industry. no one seems to care right now. it's bad. >> you know what we have going for us? the grid, december 17 announced -- on a seasonal basis, they have reiterated once again that it doesn't have the demand to be sold year round, but starting a week from monday. >> i don't buy that. i think they do it because whenever they have mcrib, they're just fighting traffic for mcrib. there are places in the world where the mcrib is on the menu all the time. in case you're there on your vacation. >> i'm learning here all the time. i'm always learning. >> switch from the bacon cheese-inator. [ bell rings ] . >> celebrating the ground breaking of hotels
jobless claims coming in, down and this number should be essentially clean of sandy effects, so finally a clean read as to the claims aspect. but it doesn't look like, jim, that we are set for a lower open today. >> carl pointed out that maybe there's some room between sides. but, look, yesterday was one of those days, show a lot of americans don't even know about the fiscal cliff. paychecks are going to go down, a million layoffs in the defense industry. no one seems to care right now....
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Dec 6, 2012
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of people seeking unemployment aid fell sharply last week as a temporary spike caused by superstar sandy has faded quickly. >> applications have fallen back to a level consistent with modest hiring. >> dozens of same-sex couples in washington state are trying the best as tying the knot today just hours after the law legalizing gay marriage takes effect. last month nearly 54 percent of voters passed a referendum 74 approving same-sex marriage. >> thank you we're taking it live you from our mount tam cam. we are dealing with fog in that area but he up to widespread low clouds. partly sunny conditions in the afternoon. the drying trend kicking in today and partly cloudy inkle this evening. storm tracker for showing us how widespread the cloud cover is. we're seeing some breaks of sunshine but we will do with a lot of cloud cover and fall in the 10:00 a.m. hour. into the evening it will start to push into the east bayshore off finland valley as well as portions of the south bay. as for your temperatures it has not been to chilly of a start. 52 in santa rosa as well as the bottle. 54 in a val
of people seeking unemployment aid fell sharply last week as a temporary spike caused by superstar sandy has faded quickly. >> applications have fallen back to a level consistent with modest hiring. >> dozens of same-sex couples in washington state are trying the best as tying the knot today just hours after the law legalizing gay marriage takes effect. last month nearly 54 percent of voters passed a referendum 74 approving same-sex marriage. >> thank you we're taking it live...